What's Happening in the Somersett Real Estate Market?

SOMERSETT wasn't spared from the severe real estate recession that hit Nevada in 2006. But as of January 2011, Somerset real estate values has significantly gone up. This is due to increased demand and low housing inventory in Reno.

In 2008, my brother-in-law wanted to buy a house in Somersett (Pulte's "The Vue"). Homes were selling for almost half the price from just three years ago (2005) but he asked me this question, "Is the market still going to go lower?" I answered with an unequivocal YES. Now, times have dramatically changed. Generally speaking, it's a pretty good time to buy a home in Somersett.

"Is it a good time to buy?" My answer to that, is rather unexciting...It depends on your needs. But just know that the Somersett market is already going north, the absolute bottom is behind us (2011).
If you plan on staying in the house for at least a few years, now is still a good time to buy. It's always helpful to have a close view of the market trends.

Peace of mind: Knowing that your agent looks out for your best interest. We will tell you the truth whether it benefits us or not. Intellectual honesty.

Someone who cares: We've written over 300+ articles in the last 7 years, helping hundreds of people make the best possible decision in buying/selling homes in Reno-Sparks.

Community:We are part part of a variety of local non-profit organizations like RenoTahoeDigs.com

Skills

Market knowledge: The Reno Home Blog team studied and followed the Reno-Sparks real estate market since 2006 (median prices, supply & demand and months supply of inventory).

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Disclaimer:All information in this Blog are deemed reliable but not guaranteed. Any action that you take as a result of information, analysis, or advertisement on this site is ultimately your responsibility. Consult your investment adviser before making any investment decisions."